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QUESTION 4 (18 MARKS) The asset turnovers, excluding cash and short-term investments, for the Oryx Liquor Company from 1993 to 2003 are listed below
QUESTION 4 (18 MARKS) The asset turnovers, excluding cash and short-term investments, for the Oryx Liquor Company from 1993 to 2003 are listed below (in $mil): (Hint: use x=0 in 1993) 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 3.33 3.84 3.51 3.30 3.18 3.42 3.72 3.99 4.14 4.50 4.95 4.1 Plot the time series data. (4 marks) 4.2 Determine the least squares trend line equation, using the sequential coding method for the x variable with 1993 = 0. (10 marks) 4.3 Use the trend line equation to estimate turnovers for 1990 & 2007 (4 marks)
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